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Succession
SuccessionCommon law. The mode by which one set of persons, members of a corporation aggregate, acquire the rights of another set which preceded them. This term in strictness is to be applied only to such corporations. RELATED TERMS-------------------------------------- Common marriage law. a marriage in which no formal ceremony took place and no license exists. Law A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system. Members English law. Places where a custom-house has been kept of old time, with officers or deputies in attendance; and they are lawful places of exportation or importation. Corporation A legal entity, allowed by legislation, which permits a group of people, as shareholders (for-profit companies) or members (non-profit companies), to create an organization, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money. Also known as a "company." The primary advantage of for profit corporations is that it provides its shareholders with a right to participate in the profits (by dividends) without any personal liability because the company absorbs the entire liability of the organization. Term 1) Construction. Word; expression speech. 2) Contracts. This word is used in the civil, law to denote the space of time granted to the debtor for discharging his obligation; there are express terms resulting from the positive stipulations of the agreement; as, where one undertakes to pay a certain sum on a certain day and also terms which tacitly result from the nature of the things which are the object of the engagement, or from the place where the act is agreed to be done. For instance, if a builder engage to construct a house for me, I must allow a reasonable time for fulfilling his engagement. 3) Estates. The limitation of an estate, as a term for years, for life, and the like. The word term does not merely signify the time specified in the lease, but the estate also and interest that passes by that lease; and therefore the term may expire during the continuance of the time, as by surrender, forfeiture and the like. 4) Practice. The space of time during which a court holds a session; sometimes the term is a monthly, at others it is a quarterly period, according to the constitution of the court. SIMILAR TERMS-------------------------------------- Successor One who follows or comes into the place of another. PREVIOUS AND NEXT TERMS-------------------------------------- Substraction French law. The act of taking something fraudulently; it is generally applied to the taking of the goods of the estate of a deceased person fraudulently. Sub-tenant The same as under-tenant. Subterfuge Masking the true nature or reason for an action. Subtraction The act of withhold ing or detaining anything unlawfully. Subtraction of conjugal rights Succession Successor One who follows or comes into the place of another. Sue and labour clause A clause in a marine insurance policy which permits the assured to recover from the insurer any expenses incurred by the assured in order to minimize or avert a loss to the insured property, for which loss the insurer would have been liable under the policy. Sue, to To prosecute or commence legal proceedings for the purpose of recovering a right. Suffrage Government. Vote; the act of voting. Suffrance The permitting a tenant who came in by a lawful title, to remain after his right has expired. We thank you for using the Juridical Dictionary to search for Succession. If you have a better definition for Succession than the one presented here, please let us know by making use of the suggest a term option. This definition of Succession may be disputed by other professionals. Our attempt is to provide easy definitions on Succession and any other medical topic for the public at large.
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